The U.S. saw its biggest daily tally of new coronavirus infections in almost two weeks, though a senior official said most cities are seeing an improvement. The U.S. Senate passed a $484 billion ... ( read original story ...)
Top Singapore Oil Trader Cooked Books For Years, Owes Banks Billions
Hin Leong, one of the largest oil traders in the world, already owes some $3.85 billion to 23 banks, including JPMorgan Chase (JPM) and HSBC Holdings (HSBC), and is seeking protection from its lenders ... ( read original story ...)
Singapore oil traders face credit crunch after Hin Leong fiasco
Hin Leong owes about $3.85bn to more than 20 lenders, including $600m to HSBC. Of Singapore’s three largest banks — DBS, UOB and OCBC — 5 per cent of their loan books is exposed to the energy sector, ... ( read original story ...)
Bruno Michieli Examines the Outlook for Private Equity in APAC Region
Having enjoyed two phenomenal years in succession, the Asia-Pacific (APAC) private equity industry slowed down in 2019 as its main driving force, China, grappled with a softening economy and the ... ( read original story ...)
Singapore Proves There’s No Textbook Virus Response
Once lauded as a beacon in the fight against Covid-19, Singapore reached an unenviable milestone this week: the most cases in Southeast Asia.Soaring infections suggest rapidly tightening restrictions ... ( read original story ...)
Singapore’s IPOS ranked world’s most innovative IP office
SINGAPORE, April 9 (Xinhua) -- The Intellectual Property Office of Singapore (IPOS) said on Thursday it was ranked as the world's most innovative intellectual property (IP) office for the first time, ... ( read original story ...)
Singapore extends partial lockdown until June 1 as infections surge
Singapore will extend a partial lockdown until June 1 to curb a sharp rise in coronavirus infections in the city-state, Prime Minister Lee Hsien Loong said on Tuesday. The measures, which include the ... ( read original story ...)
‘Technologies help me overcome any difficulties’ – An Indian professional on life in Russia
Born in India’s Kolkata, Pratik Bhattacharjee now works in Moscow as Head of Credit Cards & Personal Loans at Citibank. He explains what it was like to move to Russia after Singapore in 2017 and why ... ( read original story ...)
Coronavirus to sap Philippines’ dollar sources — DBS Bank
But in a report released Tuesday, the research unit of Singapore-based DBS Bank said the recent spike in demand for locally manufactured electronic products, the Philippines’ top export, seen in the ... ( read original story ...)
The Low Keng Huat (Singapore) (SGX:F1E) Share Price Is Down 50% So Some Shareholders Are Getting Worried
The main aim of stock picking is to find the market-beating stocks. But the main game is to find enough winners ... ( read original story ...)
UPDATE 1-Singapore extends partial lockdown until June 1 as infections surge
Singapore will extend a partial lockdown until June 1 to curb a sharp rise in coronavirus infections in the city-state, Prime Minister Lee Hsien Loong said on Tuesday. The measures, which include the ... ( read original story ...)
Over 17,000 bank customers seek to defer mortgage payments
Singapore saw more than 17,000 bank consumers applying for a deferment of their ... Maybank shared it received around 2,000 applications for a mortgage moratorium. Citibank, Standard Chartered and ... ( read original story ...)
DBS’s Gupta pans banks’ dividend cuts, sees Covid-19 as threat to all
Piyush Gupta, head of Singapore’s DBS Bank, tells Euromoney that scrapping dividends now is a mistake, discusses the mental stress of working from home, and says a multi-year recovery will hit banks ... ( read original story ...)
Asia Today: India, Singapore see record numbers of new cases
India and Singapore announced their biggest single-day spikes in new coronavirus cases on Monday, as the crisis intensifies in parts of Asia. India's spike came after the government eased one of the ... ( read original story ...)
ABN Amro Files Claims Against Singapore’s Troubled Oil Firm
ABN Amro Bank NV has become the latest lender to make a claim against a Singapore oil trading giant that filed for protection from creditors amid a plunge in oil prices. ( read original story ...)
Coronavirus: Local banks committed to interest rate between 2% and 3% for SME lending with new MAS facility
Over at United Overseas Bank (UOB),the head of group business banking Lawrence Loh noted that the value of loans provided to businesses with turnover of less than $20 million increased by 3.5 times ... ( read original story ...)